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OIL TRANSPORT

MOL to Scrap 5 Double Hull Tankers

Mitsui O.S.K. Lines, Ltd. has decided to scrap five double-hull tankers (four VLCCs, one Suezmax) by the end of March 2012. Scrapping of two vessels is already completed, and preparations are under way to start dismantling the other three. All five tankers were crude carriers launched before 1998. MOL, as one of the world’s leading crude oil transport operators, is moving ahead to rejuvenate its fleet, upgrade the quality of its services, and solidify its position in the market, where it expects mid- and long-term growth. Meanwhile, the vessels will be scrapped at yards that conform to the “Guidelines to sell vessels for scrapping from an environmental viewpoint” stipulated by MOL.


TEN Charters up to Two Suezmax Shuttle Tankers

Tanker spot rates rise as oil price drops Tsakos Energy Navigation Ltd., a crude, product and LNG tanker operator, reached an agreement for a long-term time charter to a national oil company of a new DP2 suezmax shuttle tanker for delivery in the first quarter of 2017, with an option for a second vessel. This project will make a positive contribution to TEN’s bottom line. Shuttle tankers are a highly specialized sector


Canada Fines Vessel Owner for Dumping Oil

Transport Minister David Collenette today announced that the federal government has successfully prosecuted the M/V Cala Palamos, a Cypriot-registered container vessel, owned by Nordpartner of Limassol, Cyprus and operated by Oldendorff K.E., based in Limassol, Cyprus, for the Canada Shipping Act (CSA) violation of unlawfully discharging an oily substance into Canadian waters. The pollution incident occurred while the vessel was berthed at Pier 36, in the Port of Halifax, on February 21


Van Dyck Takes the Helm at Intertanko

The Council of Intertanko elected Mr Stephen Van Dyck, Chairman of Maritrans Inc., as its new chairman, as nominated by the Executive Committee. Van Dyck said "It is an honor for me to be entrusted with the Intertanko chairmanship. While the buoyancy of the current freight market raises our spirits, there remains much work to be done in the next few years. My initial focus will be on sharpening our processes for guiding Intertanko; implementing a review of our mission and strategy; and


IMO Appeal to UN Security Council

IMO Secretary-General Efthimios E. Mitropoulos has issued a call at the highest level for a coordinated and cohesive response, both internationally and nationally, to combat piracy off the coast of Somalia. In a Nov. 20 briefing to the UN Security Council, Secretary-General Mitropoulos told Security Council members about the scope and extent of the problem which, he said, was a matter of grave concern. He also outlined a series of actions the Security Council might consider taking to


Jeppesen Cover ENC Major APAC Shipping Routes

Detail ENC: Image courtesy of Jeppesen

Jeppesen agrees with Indonesian Navy Hydrographic Office to distribute Electronic Navigation Charts (ENC) for Indonesia including Straits of Malacca. With the completion of this agreement, Jeppesen says it will provide the worldwide commercial shipping industry with comprehensive ENC coverage for Indonesian waters — waters encompassing major Asian Pacific (APAC) trade routes critical to the flow of international commerce.


Lockheed Martin Wins $25M Crewboat Contract

Lockheed Martin won a contract valued at more than $25 million to perform detailed design, construction, test and delivery of two Small Waterplane Area Twin Hull (SWATH) crew transport vessels that will provide service to Mexico’s national oil company, PEMEX. The Lockheed Martin design is based on its SLICE Small Waterplane Area hull form. The contract, awarded to Lockheed Martin by Hoteleria y Servicios Petroleros, S. A. de C.V


Conoco, Maritrans To Develop Gulf of Mexico Shuttle Tanker Technology

Conoco Inc. and Maritrans Inc. are jointly developing advanced shuttle tanker technologies to safely transport newly discovered deepwater Gulf of Mexico crude oil reserves to U.S. refineries more economically than current pipeline alternatives. Technologies being evaluated have the potential to greatly reduce the time between discovery and production of deepwater crude reserves. "The industry is actively exploring for the 10 billion barrels of crude oil reserves that are estimated to be


U.S. Corn Harvest Competes With Oil Transport

The giant corn harvest about to hit full stride in America's Midwest looks set to overwhelm storage and pile up outdoors, grain industry sources said, raising quality issues and making it hard to keep supplies moving. This year's record corn crop of 14.4 billion bushels alone would fill up 60 percent of the country's grain storage of 24 billion bushels. In total, with a record soybean crop too and hefty harvests of other grains including spring wheat


Moody's Threatens Downgrade of Maersk

Photo: Maersk Group

 Denmark-based shipping and oil company A.P. Møller-Mærsk A/S (Maersk)'s decision to split the group into two parts now get the credit rating agency for questioning to the light blue conglomerate's debt. It ends "probably" with a downgrade, because large parts of the oil revenue will no longer contribute to upholster transport division.   "We have placed the ratings of Maersk on review for downgrade because we believe that its business diversification


Kalmar Delivers RTGs to Evergreen

Pic: Kalmar

 Kalmar, part of Cargotec, has successfully delivered five rubber-tyred gantry (RTG) cranes to Evergreen International Storage & Transport Corporation in Taiwan.  The cranes will be used in Taoyuan Inland Container Terminal and Hsichih Inland Container Terminal.  


Norway Oil Ministry: No Plan to Cut Output

© Lukasz Z / Adobe Stock

Norway has no plans to cut its oil output, the country's oil and energy ministry said on Tuesday.   "The Ministry has a good dialogue with other countries about the oil market. We are not in a situation in which regulating production is on the agenda for Norway


India to Allocate 2.5 pct of Road Fund for National Waterways

Indian Prime Minister Narendra Modi. Photo: PIB

 The Indian government has approved a proposal to allocate 2.5 per cent of the Central Road Fund (CRF) for National Waterways (NWs) that would result in about Rs 2,000 crore (USD 309 mln) proceeds per annum for their development.  


Global Maritime Makes Two Hires in Asia Pacific

Mei Ling Chan (Photo: Global Maritime)

Global Maritime, a provider of marine warranty, dynamic positioning and engineering services to the offshore sector, has made two important hires to support its Asia Pacific (APAC) operations.   Mei Ling Chan has been appointed as Regional Finance Manager for APAC where she will take


Canada to Ban Tankers off North British Columbia

© Max Lindenthaler / Adobe Stock

Canada's Liberal government has introduced legislation for a moratorium on oil tanker traffic along the northern coast of the British Columbia province, the country's transport department said on Friday, delivering on an election promise.  


Container Shipping Demand Remains Good: Hapag-Lloyd

Photo: Hapag-Lloyd

 In the medium term, demand for container shipping services should continue to rise in tandem with expected ongoing growth in global trading volume, says Hapag-Lloyd.   As a result, the container shipping industry’s medium-term growth prospects remain intact


Canada Rolls Out Oil Tanker Moratorium Act

Infographic: Transport Canada

 The transportation system is something Canadians rely on every day, from getting us to work, or bringing us the products we use in our homes.    The Government of Canada is working to ensure that goods are transported in a safe and responsible way while protecting our marine


ClassNK Launches Bunker Fuel Oil Analysis Service

ClassNK’s subsidiary ClassNK Consulting Service (NKCS) has officially launched its Bunker Fuel Oil Analysis Service. The service will provide an oil analysis report for the properties of bunker fuel oil based on the ISO8217 Standard with advice such as oil heating and purification.  


Maersk Fluid Technology Sees SEA-Mate Order Influx

Photo: MFT

Maersk Fluid Technology (MFT) has reported a recent influx of orders for its SEA-Mate Blending-on-Board (BOB) system as confirmation of industry demand for technological solutions that enable ship operators to blend fit-for-purpose cylinder lubricant compositions on board their vessels that match


Oldendorff Taps Verifavia for EU MRV Compliance

Photo: Oldendorff Carriers

Dry bulk vessel owner and operator Oldendorff Carriers said it has appointed emissions verification company Verifavia to verify its fleet of vessels in line with the European Union’s new environmental Monitoring, Reporting and Verification (EU MRV) regulation


Russia Wants to Sell Sovcomflot to Small-stake Investors

Photo: Sovcomflot

Russia plans to sell part of state shipping firm Sovcomflot next month, hoping to draw in a wide range of small-stake investors rather than a strategic buyer who could threaten Moscow's control of the group, banking and industry sources say.  


Managing Oil Spills

Pic: International Maritime Organization

 International experts have been sharing experiences, new technologies and scientific advancements relating to oil spill response at the International Oil Spill Conference (IOSC) in Long Beach, United States (15-18 May).   The theme of the conference is “prevent, prepare


Full Tanks & Tankers: A Stubborn Oil Glut Despite OPEC Cuts

© Andrei Pashkov / Adobe Stock

After the first OPEC oil production cut in eight years took effect in January, oil traders from Houston to Singapore started emptying millions of barrels of crude from storage tanks.   Investors hailed the drawdowns as the beginning of the end of a two-year supply glut - raising hopes for


NMTP Training in Antigua and Barbuda

Photo: International Maritime Organization (IMO)

 A three-day National Maritime Transport Policy (NMTP) workshop has been held in St. John’s, Antigua and Barbuda (16-18 May).    The event provided valuable knowledge and skills to those involved in the development, adoption and review of a NMTP in the country.  


Samsung Heavy Bags Order for 2 LNG Carriers

Photo: Samsung Heavy Industries

 South Korea’s Samsung Heavy Industries (SHI) has won a $100 million order to build two liquefied natural gas (LNG) carriers for Korea Line, reports Yohnap.   Korea Gas Corp. (KOGAS) has chartered Korea Line to transport LNG from Tongyeong






 
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